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HAWESKO Holding AG

ots Ad hoc-Service: HAWESKO Holding AG <DE0006042708> Engl.

Hamburg (ots Ad hoc-Service) -

The sender is solely responsible for the contents of this
announcement.
Hawesko looks back on good 1999, will push E-commerce even harder
than previously planned - Dividend unchanged at DM 2.65 - Mixed
results in the first quarter of 2000 Hamburg. 26 April 2000. Hawesko
Holding AG (HAWG.F. 604270), the wine retailing group based in
Germany, announced its final results for fiscal 1999 and for the
first quarter of 2000 today at its annual results press conference.
Net sales for 1999 were DM 413.8 million (1998: DM 303.0 million),
operating profit (EBIT) was DM 37.4 million (DM 35.2 million), net
income DM 23.1 million (DM 20.3 million), DVFA earnings - adjusted
for extraordinary items - DM 20.8 million (DM 21.8 million) or DM
4.73 per share (DM 4.96). The supervisory and management boards will
propose a dividend of DM 2.65 per share to the annual general meeting
of shareholders in June. Hawesko also announced results for the first
quarter of 2000. Sales in this period reached DM 92.3 million (first
quarter 1999: DM 76.2 million), operating profit (EBIT) DM 2.7
million (DM 7.8 million), net profit for the period DM 0.9 million
(DM 4.3 million). The mail-order segment showed a decrease in sales
for the quarter of 17.8 % after a big fourth quarter of 1999, while
the specialty-shop segment posted a growth rate of 15.9 % and the
wholesale segment increased five-fold on the back of the inclusion of
Wein-Wolf (acquired during 1999). The first-quarter 2000 report has
been drawn up under International Accounting Standards for the first
time.
Hawesko will continue to become more international in 2000 as it
builds up its business in Austria and above all the E-commerce
business under Winegate.de. The company has decided to devote even
more resources than previously planned to the rapid buildup of
Winegate as the definitive online-wine site in Germany and expand its
web presence to include English- and French-language pages. Fiscal
year 2000 will be a year of investment in market position; from 2001
the company expects to reap the first benefits of its strategy to
exploit the developing premium European wine market.
End
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